I asked a Costco HQ lawyer once: Why Costco doesn't just pick a good quality sedan, SUV, and pickup each year and negotiate a great price for Costco members from the manufacturer, like with other products? He said car dealers have a huge amount of power in state legislatures. https://twitter.com/pkedrosky/status/1084192585420234752 …
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but they definitely aren’t anywhere close to minimizing transaction/information/cognitive costs they way they usually do
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